Time: Saturday, June 24, 2023, 14:15-15:15

Meeting ID: 176-704-486

Finances and Romances Among Young Adults

Speaker: Xiaomin Li

Assistant Professor, The Hong Kong Polytechnic University

Dr. Xiaomin Li earned her Bachelor’s degree in 2014 and Master’s degree in 2017 in Psychology at Beijing Normal University, China. From fall 2017 to May 2021, she studied for her Doctoral degree in Family Studies and Human Development at the University of Arizona, United States. In July 2021, she joined the Department of Applied Social Sciences at The Hong Kong Polytechnic University as an Assistant Professor. Dr. Li conducts research on how financial literacy can benefit individuals, couples, and families currently and in the long term. She is also interested in studying how to facilitate financial literacy, especially among young adults striving for economic independence and among women who are significantly more disadvantaged in finance than men. She has published in Scopus Q1 and top 10% journals and presented her work at international conferences numerous times. She also serves on the editorial boards of two academic journals (i.e., Associate Editor at the Journal of Social and Personal Relationships; Special Issue Guest Editor and Editorial Board Member at the Journal of Family and Economic Issues).

Abstract

This talk reviews studies on finances and romantic relationships in young adulthood. Finances refer to the ownership and management of money by either partner or both. Romantic relationships refer to the formation and quality of romantic relationships. The primary foci in this talk are the reciprocal and circular associations between finances and romantic relationships. Realizing that money—in addition to satisfying material needs—carries a lot of psychological meanings (e.g., a symbol of self-worth, security, and privilege), this talk also reviews studies on how attachment orientations and power may relate to finances and romantic relationships. Collectively, this talk aims to provide an overview of how young adults navigate through the world of money in romantic relationships.